Lovable Lingerie Ltd. IPO
IPO Timeline
Category-wise Subscription
| Category | Sub (x) | Offered | Bid For | Amt (Cr)* |
|---|---|---|---|---|
| QIB | — | 2,275,000 (50%) | — | ₹4,664 Cr |
| NII (HNI) | — | 682,500 (15%) | — | ₹1,399 Cr |
| Retail | — | 1,592,500 (35%) | — | ₹3,265 Cr |
| Σ Total | — | 4,550,000 (100%) | — | ₹93,275 Cr |
Only available investor categories are shown. Amount is auto-calculated when shares offered and issue price are available.
Issue Details
Minimum Investment (Lot-wise)
| Category | Lots | Shares | Amount (₹) |
|---|---|---|---|
| Retail (Min) | 1 | 30 | ₹6,150 |
| Retail (Max) | 13 | 390 | ₹79,950 |
| S-HNI (Min) | 14 | 420 | ₹86,100 |
| B-HNI (Min) | 67 | 2,010 | ₹412,050 |
Financial Statements Amount in Lakhs
| Metric | 31-Dec-10 | 31-Mar-10 | 31-Mar-09 |
|---|---|---|---|
| Revenue | 8,657 | 8,679 | 6,882 |
| Profit After Tax | 1,261 | 979 | 602 |
Valuation & Key Ratios
Grey Market Premium (GMP)
GMP is an unofficial grey market indicator and does not guarantee actual listing price. Invest at your own risk.
Objects of the Issue
- 1 Setting up of manufacturing facility to create additional capacity at Bengaluru – 22.85
- 2 Expenses to be incurred for Brand Building – 18.00
- 3 Brand Development expenses for our “College Style” brand – 6.00
- 4 Investment in Joint Venture – 25.00
- 5 Setting up of Exclusive Brand Outlets (“EBO’s”) – 14.12
- 6 Setting up of retail store modules for “shop-in-shop” – 3.61
- 7 Up gradation of design studios – 7.60
- 8 General corporate purpose – 23.96
Company Overview
Incorporated in 1987, Lovable Lingeries Ltd is one of India's leading women's innerwear manufacturers. Company was licensed the brand "Lovable" from Lovable World Trading Company, USA in 1995. "LOVABLE" is India's First Premium International Lingerie Brand.
Company's products include brassieres, panties, slips / camisoles, homewear, shapewear, foundation garments and sleepwear products. "Lovable" and "Daisy Dee" are the flagship brands. Company is headquartered in Mumbai, Maharashtra and has three manufacturing facilities of which two are situated at Kanakapura road in Bengaluru and one is situated in Roorkee, Uttarakhand. Company's brand "Lovable" is amongst the top three most preferred brand in women’s innerwear in India.